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Illustration: Aïda Amer/Axios

Enel Group, the Italy-based global power giant, is planning to spend $190 billion over the next decade in a push that includes a huge expansion of renewables and wider clean-energy infrastructure and business lines.

By the numbers: The company, already a big renewables player, said Tuesday that it's devoting $83 billion toward plans to grow its installed renewables capacity to 120 gigawatts by 2030, up from about 45 GW now.

  • The plan also includes investments in storage, hydrogen, digital networks and electrification more broadly.

Why it matters: It's part of a wider push by some of the world's largest energy companies to bet their future on huge new investments in low-carbon power and services.

Catch up fast: Earlier this month, the Spain-based multinational Iberdrola unveiled plans to invest almost $89 billion over the next five years, with most of the money going to renewables growth and grid enhancements.

Go deeper: Europe’s biggest utility company to ramp up spending on wind and solar power (WSJ)

Go deeper

Ben Geman, author of Generate
Jan 25, 2021 - Energy & Environment

Shell buys another European electric vehicle charging company

Illustration: Sarah Grillo/Axios

Shell is buying the European electric vehicle charging company Ubitricity, the companies announced this morning without disclosing the deal's size.

Why it matters: Ubitricity says it is the largest charging public charging network in the UK, with over 2,700 charge points, and operates in several cities.

Column / Harder Line

Biden ushers in historical turn on clean energy and climate change

Illustration: Sarah Grillo/Axios

Like the curve of Earth we can’t see from the ground, we’re on a curve in history that we won’t fully recognize until decades in the future.

Driving the news: The inauguration of President Biden completes an economic and political consensus that climate change is an urgent threat the world should aggressively address. Whether this consensus produces action remains deeply uncertain.

Tina Reed, author of Vitals
30 mins ago - Health

The end of the Omicron wave is in sight

Expand chart
Data: Our World in Data; Chart: Baidi Wang/Axios

The Omicron wave is likely beginning to recede in the U.S., experts say.

Why it matters: Omicron is still wreaking havoc in parts of the country, but infectious disease experts are optimistic that relief is around the corner.

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